10 May 2022 07:00
10th May 2022
Clontarf Energy plc
("Clontarf" or "the Company")
Consideration Shares to be Admitted to Trading
Further to yesterday's announcement regarding the acquisition of a 10 per cent. stake in the Sasanof Prospect, Clontarf announces that application has been made for 100,000,000 new ordinary shares of 0.25p each ("Ordinary Shares") (Consideration Shares") to be admitted to trading on AIM. These Consideration Shares are part of the consideration payable to Western Gas for the stake in the Sasanof Prospect and, when admitted, will rank pari passu with the Company's existing Ordinary Shares. It is expected that such admission will become effective on or around 13th May 2022.
Following the admission of the Consideration Shares, there will be a total of 2,370,826,117 Ordinary Shares in issue with each share carrying the right of one vote. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
Ends
For further information please visit http://clontarfenergy.com or contact:
Clontarf Energy David Horgan, Chairman John Teeling, Director | +353 (0) 1 833 2833 |
Nominated & Financial Adviser Strand Hanson Limited Rory Murphy Ritchie Balmer
| +44 (0) 20 7409 3494 |
Broker Novum Securities Limited Colin Rowbury | +44 (0) 207 399 9400 |
BlytheRay - PRMegan Ray | +44 (0) 207 138 3206
|
Teneo Luke Hogg Alan Tyrrell Ciara Wylie |
+353 (0) 1 661 4055 +353 (0) 1 661 4055
|
Clontarf (CLON)